Cheviot Value Management LLC Has $13.01 Million Stake in Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Cheviot Value Management LLC has increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 4.9%, now owning 141,771 shares, which represents 1.6% of its total holdings.
• Other investors, including Resonant Capital Advisors LLC and CWM LLC, have also increased their positions in Liberty Broadband during the first quarter, indicating growing institutional interest in the stock.
• Liberty Broadband's stock is currently trading at $60.11, down 2.0%, with a market capitalization of $8.62 billion and a PE ratio of 9.60.

Cheviot Value Management LLC raised its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 4.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 141,771 shares of the company's stock after acquiring an additional 6,641 shares during the period. Liberty Broadband makes up 1.6% of Cheviot Value Management LLC's holdings, making the stock its 19th largest position. Cheviot Value Management LLC owned 0.10% of Liberty Broadband worth $13,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Deutsche Bank AG raised its stake in shares of Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after purchasing an additional 1,703,637 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of Liberty Broadband by 425.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after buying an additional 996,764 shares during the last quarter. Pentwater Capital Management LP boosted its stake in shares of Liberty Broadband by 454.0% during the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after buying an additional 908,000 shares during the last quarter. Makaira Partners LLC boosted its stake in shares of Liberty Broadband by 219.6% during the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock worth $93,022,000 after buying an additional 854,954 shares during the last quarter. Finally, Benchstone Capital Management LP acquired a new position in shares of Liberty Broadband during the 4th quarter worth about $41,221,000. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.

Liberty Broadband Stock Performance

Liberty Broadband stock traded down $0.93 during trading hours on Thursday, hitting $58.64. The company had a trading volume of 362,156 shares, compared to its average volume of 1,224,873. The firm has a market cap of $8.40 billion, a PE ratio of 9.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39. Liberty Broadband Corporation has a one year low of $58.35 and a one year high of $104.00. The firm has a 50-day moving average of $88.10 and a 200 day moving average of $85.39.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The company had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. On average, sell-side analysts expect that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.